Bullish Wolfe Wave at H4 Support level. Point 5 is retraced at 161.8% Fibonacci.
1.12700 is a nice round number for a resistant level. Price has break the support level recently and I'm expecting the price to retrace to 1.12700 resistant area. I'm also expecting the price to be rejected by the level (first touch). I would go for a short position after price has reached the new resistant level.
Price has reached support level. CCI showing very low values and showing divergence. Expecting price to go up reacting to the support level
yellow area shows possible area of reversal, indicating short opportunity. indicators: bat completion at 1,618 fib confluence ( extensions and inversions) structure (resistance levels), the 2 highest levels are waiting for their 3th hit ABCD completion SL should be placed above structure level, preferable arround 1.150 even, green area shows maximum...
Price has breached previous resistant level and now the purple line acted as support level. wait for the Heiken Aishi to turn blue before going for a long position
Price just broken previous resistant zone (red box) and showing reaction to new resistant (blue box) and the price is moving down. I'm expecting this price will react to the new support zone (red box) and shoot up to resistant zone (blue box). Set your buy limit order properly inside new support zone. Expecting profit target of 600+ points.
Previous support is now resistant at yellow zone. Expecting price to shoot to blue zone for take profit. Use Sell Limit order for this setup.
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